Real Estate Math
A South Dakota agent lists a property at $399,000 and it sells for $387,500. The commission rate is 5.5%. What is the total commission?
A$21,312.50✓ Correct
B$21,945
C$22,000
D$20,500
Explanation
Total commission = Sale Price × Commission Rate = $387,500 × 5.5% = $387,500 × 0.
Related South Dakota Real Estate Math Questions
- A South Dakota investor buys a property for $450,000 and sells it 4 years later for $540,000. What is the total percentage gain?
- A South Dakota commercial property has a GRM of 8.5 and annual gross income of $96,000. What is the estimated value?
- A South Dakota property has a list price of $350,000. After 60 days, the seller accepts an offer for 94% of list price. What is the sale price?
- A South Dakota broker receives a 7% commission on a commercial sale. If the gross commission is $31,500, what was the sale price?
- A South Dakota property has an assessed value of $195,000 and a mill rate of 15 mills. What is the annual property tax?
- A South Dakota property taxes of $3,600/year have been paid in full. Closing is June 1. What is the buyer's portion of the taxes (assuming taxes paid in advance)?
- A South Dakota property has a list price of $375,000 and receives an offer of $355,000. What is the offer as a percentage of the list price?
- A South Dakota listing agent earns a 3% co-op commission on a $345,000 sale. The agent's broker receives 40% of this amount and the agent receives 60%. What does the agent earn?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →